- In December 2022, Solvay entered into a strategic partnership with Trillium to develop bio-based acrylonitrile for the production of carbon fiber. This collaboration focuses on creating sustainable materials for use in key industries such as automotive, aerospace, consumer goods, and energy. This initiative aligns with the global carbon fiber market's growing emphasis on reducing the environmental footprint of composite materials, responding to increasing demand for sustainable and high-performance materials across various sectors
- In September 2022, Solvay launched LTM 350, an advanced epoxy prepreg carbon fiber tooling material designed to deliver significant cost and time efficiencies across industries such as aerospace, automotive, industrial applications, and motorsports. LTM 350’s introduction reflects the global carbon fiber market’s ongoing trend towards more efficient, cost-effective solutions, aligning with the growing need for high-performance materials that meet the demands of a variety of industries while maintaining competitive pricing and sustainability
- In 2022, Hexcel signed a contract with Dassault Aviation to supply carbon fiber prepreg for the Falcon 10X program, marking Dassault's inaugural use of advanced carbon fiber composites in the production of business jet wings. The partnership underscores the growing trend within the global carbon fiber market, where the aerospace industry is increasingly adopting lightweight, high-strength composites to meet the demand for more fuel-efficient and high-performance aircraft
- In July 2021, Toray Industries Inc. completed the acquisition of TenCate Advanced Composites Holding BV, a leading Dutch manufacturer and distributor of carbon fiber composite materials, in a deal valued at €930 million (approximately USD 1 billion), inclusive of net debt. The acquisition, finalized with TenCate's parent company, Koninklijke Ten Cate BV, significantly strengthens Toray's product portfolio This strategic move enhances Toray's position in the global carbon fiber market, enabling the company to meet the increasing demand for advanced, lightweight composite materials across industries such as aerospace, automotive, and industrial applications
- In February 2021, Teijin Limited launched its Tenax BM (Beam Series) and Tenax PW (Power Series) brands of carbon fiber intermediate materials, specifically engineered for sports applications. These innovative materials are designed to optimize performance by maximizing power and speed, owing to their exceptional durability and toughness. This product launch aligns with the broader trends in the global carbon fiber market, where the demand for lightweight, high-strength materials continues to grow across diverse sectors, including sports, automotive, and aerospace, driven by the need for enhanced performance and efficiency
